IFRS Advice
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IFRS Advice
Trusts – good or bad?

One of the most popular episodes of my podcast, Tax Break, deals with a question that often comes up from advisors: this is whether they should advise their clients to keep their assets in trusts. This depends on the facts and circumstances of each case and some tax considerations may play a role. In this episode, I discuss some of the tax implications that persons who consider holding their assets in trusts should consider.

You can listen to this episode on Spotify at the link below:

You can also listen to this episode on Apple Podcasts.

Articles

Place of effective management: SARS’ views

Place of effective management: SARS’ views

Jul 8, 2023 |

Place of effective management (‘POEM’) is critical in determining the South African tax residence of persons other than natural persons. SARS recently published Issue 3 of Interpretation Note 6 (‘IN6’), which deals with POEM. This article considers the continued...

Input tax: Holding companies

Input tax: Holding companies

May 12, 2023 |

Vendors may deduct input tax on  goods or  services acquired for purposes of making taxable supplies in the course of furtherance of their enterprise. This article considers a recent tax court judgment (case 1922) that dealt with input tax deducted by a...

Income tax verification: Assessed losses

Income tax verification: Assessed losses

Mar 24, 2023 |

SARS did away with the IT14 supplementary declaration for companies (IT14SD) in September 2022. It replaced that declaration with a letter that requests supporting documents based on the reason for the verification. This article considers a recurring request to...

Intra-group loans: Tax complexities

Intra-group loans: Tax complexities

Feb 9, 2023 |

Interpretation note on intra-group loans SARS recently published Interpretation Note 127 (‘IN127’). It mainly deals with applying the arm’s length principle to intra-group loans, as the transfer pricing rules require. This complex area requires consideration of,...

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